Institute on Taxation and Economic Policy

News Review: Tax fairness comes first

January 4, 2013

(PDF of Original Post) We frequently see our state at the wrong end of national rankings. Our colleague Cory Farley once quoted an acquaintance of his saying that Nevada is high in everything you want to be low in and low in everything you want to be high in, and that observation has become a […]

Las Vegas Sun: Helping the needy helps the economy

January 4, 2013

(PDF of Original Post) Tax preparation volunteers bring relief to many who are intimidated or preyed upon William Nichols gets his taxes done Saturday at Pearson Community Center in North Las Vegas. Nichols owes taxes for several years, but volunteers are relieving his anxiety. By J. Patrick CoolicanFri, Apr 8, 2011 (2:01 a.m.) There’s nothing […]

Belleville News-Democrat: Mo. House OKs tax cut, defeats stimulus spending

January 4, 2013

(PDF of Original Post) Posted on Thu, Apr. 30, 2009Mo. House OKs tax cut, defeats stimulus spendingBy DAVID A. LIEBAssociated Press Writer House members passed a $463 million annual tax cut Thursday but defeated a plan to spend $336 million of federal stimulus money on projects across Missouri. Some Republicans cast the dual votes as […]

Columbia Missourian: ‘Fair tax’ gains traction in Missouri legislature

January 4, 2013

(PDF of Original Post) By Spencer WillemsMay 19, 2009 | 12:01 a.m. CDT COLUMBIA — Increasing frustration over Missouri’s 90-year-old income tax has prompted legislators to begin pushing an alternative that to date has been little more than a fringe issue on the national political scene. Although the proposal to let voters decide whether to […]

Columbia Missourian: Fair Tax rally to be held Saturday

January 4, 2013

(PDF of Original Post) By Adam Falk, furqaan sadiqJune 11, 2009 | 12:01 a.m. CDT COLUMBIA — When Ray Walker moved to Jefferson City in 2005, he said the words “fair tax” were basically unknown. “Now, it’s not uncommon to go down the street and mention ‘fair tax,’” said Walker, who is the director of […]

The Columbia Daily Tribune: ‘Fair Tax’ advocates set to rally

January 4, 2013

(PDF of Original Post) 10,000-plus anticipated for event at fairground. By Terry Ganey Thursday, June 11, 2009 A local organizer expects more than 10,000 people to attend a Saturday rally in Columbia sponsored by supporters of a plan to replace the individual and corporate income tax with a sales tax. “In January, we expected we […]

Columbia Missourian: Consumption tax more nuanced than some people might think

January 4, 2013

(PDF of Original Post) By Furqaan SadiqJune 12, 2009 | 9:49 p.m. CDT COLUMBIA — The Center on Budget and Policy Priorities and the Economic Policy Institute have released reports on Missouri’s income disparities, and they show a stark figure: income inequality has grown in Missouri over the past two decades. The richest Missouri families […]

St. Louis Beacon: Switching reliance to sales tax is a bad idea for Missouri

January 4, 2013

(PDF of Original Post) By Amy Blouin, Special to the Beacon Posted 6 a.m. Fri., 02.05.10 – Missouri lawmakers are considering proposals that would make dramatic changes in the state’s revenue structure by eliminating individual and corporate income taxes and replacing them with a greatly expanded sales tax. Four bills that would make this change […]

St. Louis Post-Dispatch: Missouri income tax repeal makes headway in Senate

January 4, 2013

(PDF of Original Post) 02.11.2010 11:41 am By Virginia Young Post-Dispatch Jefferson City Bureau JEFFERSON CITY — A Senate committee set the stage this morning for debate on major changes in the state’s tax structure. On a party-line vote of 4-2, the Governmental Accountability and Fiscal Oversight Committee endorsed a proposed constitutional amendment (SJR29) eliminating […]

The St. Louis American: Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income

January 4, 2013

(PDF of Original Post) Posted: Friday, October 1, 2010 12:00 am Prop A and the poor: Sinquefield’s tax policies would shift burden to sales tax and low-income By Rebecca S. Rivas of The St. Louis American St. Louis American | 0 comments For Missourians who make $17,000 or less, about six percent of their income […]

Missouri Record: ‘Fair Tax’ Anything But Fair

January 4, 2013

(PDF of Original Post) November 18, 2010 08:00 AM An issue likely to be debated in the 2011 Missouri Legislative Session is the proposal to replace state income tax—both individual and corporate—with a greatly expanded sales tax. Proponents of the legislation refer to it as the “fair tax,” but Missourians should think twice because it […]

St. Louis Business Journal: Missouri would not fare well under “fair tax”

January 4, 2013

(PDF of Original Post) by Amy Blouin Date: Friday, December 3, 2010, 5:00am CST If there’s an issue “most likely to be debated” in the 2011 Missouri legislative session, it’s a proposal to replace state income taxes – both individual and corporate — with a greatly expanded sales tax. Proponents refer to it as the […]

Concordian: Rep. Aull prepares for final term

January 4, 2013

(PDF of Original Post) Wednesday, January 5, 2011 By Nathan St.Clair/Concordian Staff The 96th legislative session of the Missouri General Assembly convenes this week and legislators will have several large issues — the FY 2012 budget, increasing state revenues, handling a request to repeal Proposition B and revamping congressional districts — to address said Democratic […]

STL Today: Ensure a Robust Corporate Income Tax

January 4, 2013

(PDF of Original Post) Gov. Jay Nixon recently signed legislation repealing the corporate franchise tax. The tax, which brought in about $80 million a year, applied only to companies with assets of more than $10 million. Obviously, this means that the main beneficiaries of this change will be big, multi-state corporations. The elimination of the […]

Independent Record: Study says state taxes poor more

January 4, 2013

(PDF of Original Post) By CHARLES S. JOHNSON IR State Bureau | Posted: Friday, November 20, 2009 12:00 am Montana low-and middle-income families pay a larger share of their income in state and local taxes, on average, than do the state’s richest households, a new national study concludes. The Institute on Taxation and Economic Policy, […]

The Billings Gazette: Group criticizes Montana tax system as regressive

January 4, 2013

(PDF of Original Post) CHARLES S. JOHNSON Gazette State Bureau | Posted: Thursday, November 19, 2009 9:45 pm | HELENA — Montana low-and middle-income families pay a larger share of their income in state and local taxes, on average, than do the state’s richest households, a new national study concludes. The Institute on Taxation and […]

Clarion Ledger: Time for new revenue? Tax advocates seek to ‘balance’ budget cuts

January 4, 2013

(PDF of Original Post) Ed SivakClarion-Ledger Contributing Columnist With each passing round of information updating the state’s fiscal outlook, the goal of building a Mississippi with quality schools, state-of-the-art transportation and safe communities appears to be more out of reach than it was before the recession. By 2012, Gov. Haley Barbour projects that the budget […]

Twin Cities Daily Planet: Tax cuts help just who’d you expect

January 4, 2013

(PDF of Original Post) By Charlie QuimbyDecember 02, 2009 A new study from the Institute on Taxation and Economic Policy breaks down who among “non-elderly households” is paying what taxes at the state and local level. The report shows what we’ve been saying here for years – that when all forms of taxes(not just income […]

MinnPost.com: Minnesota taxes- Where do we go from here?

January 4, 2013

(PDF of Original Post) By Sharon Schmickle | Wednesday, May 12, 2010 Sure, you’ve heard it before: Gov. Tim Pawlenty vetoes yet another DFL bid to close the state’s budget chasm by raising income taxes on high earners. But the tax issue has many lives in this election year when the Independence Party’s gubernatorial endorsee, […]

Twin Cities Daily Planet: Top income tax bracket is part of a balanced approach to fix the deficit

January 4, 2013

(PDF of Original Post) BY SCOTT RUSSELL, MINNESOTA BUDGET BITES May 13, 2010 The Minnesota Legislature voted Monday to create a new tax bracket on high-income households as one small part of an overall budget fix. The new tax bracket and an early phaseout of federal tax cuts on high-income households would raise $434 million, […]

KBJR TV: Tax Burden Higher In Percentage For Lower Income Workers

January 4, 2013

(PDF of Original Post) By KBJR ManagerKBJR-TV KBJR-TV1/17/2011 5:18:02 PM ET 2011-01-17T22:18:02 Duluth, MN (Northland’s NewsCenter) – Think tank Minnesota 2020 has conducted a study finding Minnesota’s middle- and lower-income populations shoulder a disproportionate tax burden compared to the state’s wealthiest. Using data from the Institute on Taxation and Economic Policy, Minnesota 2020 compared tax […]

KAAL TV: New Year; New Changes to Taxes

January 4, 2013

(PDF of Original Post) Posted at: 01/17/2011 6:44 PM By: Andrew Lovelette (ABC 6 NEWS) — With the new year comes a few new changes to your taxes. When January first hits, it usually marks the beginning of tax season, but this year may be a little different. “People that itemize their deductions will have […]

myTalk 107.1: Fix for Minn. budget woe? End sales tax exemptions

January 4, 2013

(PDF of Original Post) With Minnesota lawmakers staring at a $6.2 billion deficit this session, state Rep. Pat Garofalo knows as well as anyone that balancing the state budget is “going to be tough and it could be ugly.” So why is the Republican from Farmington introducing a bill that would make things just a […]

Advocate Tribune: Minnesota’s Tax Fairness Retreat- Low-, middle-income shouldering more of state’s revenue burden

January 4, 2013

(PDF of Original Post) By Advocate Tribune Posted Mar 18, 2011 @ 08:00 AM By Jeff Van Wychen Since 2000, Minnesota’s state and local taxes have become more regressive, meaning low and moderate income families shoulder a disproportionate share of the tax load. It’s a nationwide trend progressing more aggressively in Minnesota than nearly every […]

The Detroit News: Make Michigan’s property tax system simpler

January 4, 2013

(PDF of Original Post) Wednesday, September 3, 2008 CommentaryCarl Davis Michigan property taxes are behaving a bit strangely. Despite home values falling in many parts of the state, property tax bills are actually increasing. Although this bizarre occurrence is understandably frustrating to many Michiganians, the truth is that this is an essential component of the […]